Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.076%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$358as in the Funding arb table

Net, price: spread back to 7d avg − costs−$359as in the Price arb table

costs, in and out, $10k−$3573.573% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.076%, 7d avg −0.056%

Together, before fees+0.186%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.020% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ATHUSDT	0.005482	0.0100	pay 0.0050% / 4h	3h 59m	$3.2M	$4.3M	50x
Short	KuCoin ATHUSDTM	0.005478	0.0100	get 0.0050% / 4h	3h 59m	$549K	$79K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → −0.056%: −$2.02
Slippage, 4 orders: −$335.27
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$359.29
Costs to cover: 3.573%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 7 min ago	1.82 bp	31.2 bp −$31	122.3 bp −$1,223	doesn't fit	doesn't fit
Sell KuCoin live order book, 34 min ago	14.57 bp	139.5 bp −$139	doesn't fit	doesn't fit	doesn't fit

ATH on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ATHUSD	−0.1811%	1h	0.005481	−0.019%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0118%	4h	0.005468	−0.253%	$184K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005480	−0.034%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005483	+0.024%	$4K	$42K	5x	as long as short
Binance ATHUSDTlong	+0.0100%	4h	0.005482	long leg	$3.2M	$4.3M	50x
Bybit ATHUSDT	+0.0100%	4h	0.005470	−0.222%	$4.3M	$2.7M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005464	−0.331%	$699K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005475	−0.130%	$782K	$597K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005478	−0.076%	$8.9M	$659K	50x	as long as short
KuCoin ATHUSDTMshort	+0.0100%	4h	0.005478	−0.076%	$549K	$79K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005471	−0.203%	$1.5M	$903K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005476	−0.112%	—	$21.3M	—	as long as short
BloFin ATH-USDT	+0.0129%	4h	0.005488	+0.107%	$161K	$70K	75x	as long as short